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Webjet Announces EUR100M Convertible Notes Offering

01 Jul 2020  |  18:12:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: WEBJET ANNOUNCES EURO 100 MILLION CONVERTIBLE NOTES OFFERING

Webjet announced that it has launched an offering of EUR100m (A$1631m) convertible notes due 2027 (the "Notes") (the "Offering"). The Company updated that net proceeds from the Offering, after deduction of commissions, professional fees and other administrative expenses, are to be used to repay A$50m of the Company's existing term debt whilst extending remaining term debt maturity into late 2022, as well as for potential acquisitions and ongoing capital management. There is no agreement or understanding with respect to any potential acquisitions or investments at this time. As reported, it is intended that the Notes will be listed on the Official List of the Singapore Exchange Securities Trading.

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